Rate-cut euphoria elevates S&P 500 to record high – Reuters

The S&P 500 hit a record high on Thursday, lifted by Wall Street’s expectations that the Federal Reserve will cut interest rates as soon as next month to keep the U.S.-China trade war from stalling economic growth.
— Read on www.reuters.com/article/us-usa-stocks/rate-cut-euphoria-elevates-sp-500-to-record-high-idUSKCN1TL1CY

Inflation drop may be at core of case for Fed rate cuts – Reuters

June 2018 was a blue-sky month for the Federal Reserve, with strong economic growth, low unemployment, and inflation expected to top the U.S. central bank’s 2% target for the year – smooth sailing for an interest rate hike then and two more over the following six months.
— Read on www.reuters.com/article/us-usa-fed-inflation/inflation-drop-may-be-at-core-of-case-for-fed-rate-cuts-idUSKCN1TL2PY

6 things we’re still wondering about Libra, Facebook’s new cryptocurrency coming in 2020

Libra, a new cryptocurrency created in part by Facebook, isn’t launching until 2020, and there are still a few unanswered questions.
— Read on www.msn.com/en-ca/money/topstories/6-things-were-still-wondering-about-libra-facebooks-new-cryptocurrency-coming-in-2020/ss-AAD9Atu

Jim O’Neill: China could globalize the yuan to challenge USD dominance

Former Chairman of Goldman Sachs Asset Management, Jim O’Neill, said China could use its currency to gain an edge over the U.S. — but not by devaluing the yuan.
— Read on www.cnbc.com/2019/06/20/jim-oneill-china-could-globalize-the-yuan-to-challenge-usd-dominance.html

Traders are pricing in a 100% chance of at least one Fed rate cut in July

While the Federal Reserve still sees no rate cut in 2019, traders are convicted a rate reduction is coming as soon as July.
— Read on www.cnbc.com/2019/06/19/traders-are-pricing-in-a-100percent-chance-of-at-least-one-fed-rate-cut-in-july.html